Our road map begins like this. Stocks set to open in the green despite continued tension overseas between russia and turkey. Hp stocks are moving in opposite directions. Meg whitman joins us. And get ready for thanksgiving. Where people are traveling and avoiding this Holiday Season. Busy economic calendar. Consumer spending up in october by 0. 1 for a second straight month. As americans boosted their savings to a near threeyear high. Durables up more than expected, up 3 . Jobless claims fell more than expected, down 12,000 in a developing story, one of the russian pilots who ejected from that fighter jet shot down has been confirmed alive and well. Russian foreign minister lavrov calling the incident a planned provocation, president putin said russia will be forced to respond to future incidents after the downing of the jet. Russia saying they are open to some sort of agreement with nato regarding accident prevention in the future. It didnt get worse overnight. You could argue that. Yeah. Certainly european stocks are holding steady. Theyre rising this morning after the kneejerk sell reaction to global tensions yesterday on the Economic Data. Everyone is watching that ahead of the jobs report. The big fed meeting in december. I looked at the fed fund futures rate, the probability that the market puts on the fed raising rates in december. Little movement after the Economic Data, which tells you it was good enough. Theres more than a 70 chance that the Federal Reserve raises rates. Durable goods were particularly strong with the 3 raise. If you dig into the numbers, it was across the board spending on big ticket items, commercial aircrafts led the surge. New orders for noncapital goods, excluding aircraft, up 1. 3 in october. That was strong. And it was something that had been languishing. It had been weak over the last year or so on lower oil prices, on the strong dollar. Perhaps this is a sign of confidence and the fact that business spending may have bottomed. Well see. We will see. We will see. Strong dollar doesnt help. Strong dollar is getting stronger. The dollar index above back the key 100 level. Euro back in 1. 05 territory. Its about the strong u. S. Data versus whats happening abroad. Draghi dovish again overnight. They may expand qe. The savings rate jumps to 5. 6. Up strongly this year on the spending and the income number. And well see. We have more to come. Consumer sentiment at the top of the hour. New home sales, oil inventories. Yesterdays Consumer Sentiment was no good. Disappointing. Well see if this measure holds up. The confidence levels are volatile. New home sales will be interesting. In september we got that double digit decline, 11. 4 . Were watching retail and travel. Day before thanksgiving, one of the busiest travel days of the year. Aaa forecasting almost 47 million americans will journey 50 miles or more from home during this thanksgiving holiday period. Millions who are taking to the skies for thanksgiving travel are set to face more intense screening. Longer security lines at airports in the wake of the paris terror attacks. I think theyre telling people to arrive two hours early for domestic travel. Three hours for international. Story in the Washington Post about people traveling through heathrow yesterday said you couldnt get a tube of chapstick through tsa. Its become tight over there. Still 47 million will travel this year. Thats the most since 2007. 25 million will fly. 1. 99 gas average doesnt hurt. If youre driving, not so bad. With more than half of u. S. Gas stations charging 2 a gallon. Really . Maybe it pays to drive this Holiday Season. Traffic can have an impact on your psyche. You arrive for thanksgiving. Im not going anywhere. Im just doing dishes, for maybe days. Lets get to one of the top stories from late yesterday. Shares of hp in the red. Hp enterprise, that stock is up more than 4 . Thats after hewlettpackard reported results yesterday for the last time as a combined company. With earnings per share and revenue falling short of most of the expectations of at analysts who follow the combined company. Earlier this month the company did split into two separate entities. Hp inc, the computer business, and Hp Enterprise with hardware, software and servicing the needs of large companies. Here to break down the quarter is meg whitman, the ceo of hewlettpackard enterprise and chairman of hp inc. Some are saying a mixed bag when they look at the overall quarter. Given youre the ceo, ill start there. Ill start with the overriding question that many investors have. Simply in an era of Cloud Computing and the services that run that service, so to speak, or the hardware that runs that service, many say you are not as well positioned as you could be not selling enough into that growth area what do you say . Its a great question. The market is in a lot of undergoing a lot of change. Im very excited about our cloud strategy. What customers want, they want to know where they should put their different applications. For example, customers say i got 1500 applications what should be in the private cloud . Which gives you control on your own premises. Wl what should be in a managed private cloud or virtual private cloud, and what applications should be in the public cloud . By the way, how do i orchestrate and organize all of this. Our strategy is, were the leader in private cloud. Among the leaders in virtual private cloud and managed cloud. Yesterday we announced we were partnering with microsoft azure to provide the public cloud. We have a great cloud system automation that helps you orchestrate your clouds in your data center. If you think about where the money is spent, about 85 of the spend in traditional i. T. Most people dont understand that. The next biggest segment is private cloud. The next after that is public cloud. Private and public cloud are growing at about the same rate. We are going right to the heart of what our customers are asking. I feel really good about our strategy and excited about the partnership we announced yesterday with microsoft azure. When will we learn more about that. Next week in discover in london, we will go into depth about the nature of the relationship and how customers can interact, accelerate their journey to a hybrid cloud. As i said at the outset, hp inc, perhaps the focus of more negative focus. Hpe, those results being applauded to a certain extent by investors. Enterprise services in particular, people looking at saying that was better than anticipated. Give us a sense as to what your expectations are. I know still revenues were down year over year. Nonetheless, it is seen as a positive by many in terms of the overall direction. Sure. Overall hewlettpackard enterprises off to a good start. And remember, what we said, we have to have growth in Enterprise Group with modest margin expansion. We need to stabilize revenues in Enterprise Services with quite significant margin expansion. The analysts saw we are delivering on that plan. Just negative 2 growth in Constant Currency, thats not what we aspire to because business in decline for a number of years. And 8. 2 operating profit, the highest operating profit in four years. I think the turnaround is working in Enterprise Services and investors are seeing that its taken longer than Enterprise Group but thats a long lead time business. These are longterm contracts. The people we are talking to today at Enterprise Service we may not ink a deal for a year. Its a bit slower to turn that business around. But were feeling good about where Enterprise Services is, especially as we turn to these four growth transformation areas that we know customers are looking for. The impact of the strong dollar is felt at your company perhaps as much as any other out there. By that im referring to the old hp, including hp inc, which is competing against japanese competitors which benefit from a lower yen. How is the company positioned . We will constantly see results from you that say results were down, but in Constant Currency they werent down. Eventually we have to deal with reality. Either its down or its up. And maybe the dollar will stay strong. Our belief is the dollar will stay strong. We have to continue to improve the productivity, reduce costs, make sure that we are fit to compete in what i would call the new normal from a currency perspective. Most American Companies for the last decade had a great wind at their back because the currency was working in our favor. I think the next decade is going to be a bit more problematic, in that the dollar will remain strong. We have it cannot be these companies are just less valuable because of a different currency rate. So were working under the assumption this is the new normal. You heard dion wexler yesterday talking about taking more costs out and being more competitive. He has a double edge sword in that the euro is weakening versus the dollar. So is the yen. So the japanese, as you point out, can price aggressively. Hes got to take out costs so he can be in fighting shape in the new world order of a different currency level. Thats the way were approaching it. Given youre chairman of that company, let me ask a question on that front. Printing down 14 , personal Systems Group revenues down 14 . To those who say and have said many times its the end of the era. Theres a seminal change in the way people use or dont use pcs, theyre not going to buy as many. Forget this talk of cycles. What is the response from your view as chair of the company . Yeah. It was a tough pc market. Hp inc performed well. Gained share in virtually every category. Had the highest alltime share in the commercial pc segment for a long time. And Microsoft Windows 10 has not yet provided the capitalist to pc upgrades that everyone anticipates. Its still getting great reviews, but theres nearly 450 million pcs out there that are older than 4 1 2 years. At some point people will upgrade those pcs and hp inc is well positioned when that happens. Do we have a sence as to how many will be upgraded or how many will say im happy with the phone or device or whatever theyre using . Its hard to know, but many people still do real work and productivity, not just surfing the web. If you have to do real work, its part of your existence, you will end up upgrading that pc. That business is a cyclical business, always has. And my view is, i think dions view is that will rebound over the next year or year and a h f half. So tough market, but hp inc has done a good job in competing in a down market. Since you took over as ceo of the overall hewlettpackard, 59,000 jobs that ends up being the total number, now theres another 30,000 potentially that youre looking to cut as well over the next two years, i guess from this point. Is that correct . Is that sort of the number youre still working with . Yeah. Thats the number we are still working with. We have to get our cost structure in line with the revenue of the company and we have to be in fighting shape to compete in what is a remarkably competitive industry. You can see the results of that in Enterprise Group. Great performance in our Enterprise Group, great performance in es now, even software had a good quarter, flat growth, which is an improvement. So we have to be cost competitive. Whats happening now in this next round is that we will reduce the work force, but then we have to hire in lower cost locations. So we have to rebalance this work force to remain competitive, because so many competitors have more of their work force in offshore locations. We need to do that. Well consol laid into five major offshore centers. It will make us more competitive. Whats amazing about this is that we have taken the work force down by the amount that we have, you cited 59,000, and yet in Enterprise Services, the net promoter score, that measure of Customer Loyalty is the highest in the industry today. 54. Thats higher than ibm, higher than atos, higher than accenture, thats an important advantage for us because customers want low cost but high quality because theyre entrusting whether its Desk Top Services or i. T. O. , theyre entrusting it to hp. Finally, you mentioned it, turning the corner. Many investors have been waiting for that day for a long time. I dont want to take away from the fact that you had Revenue Growth and Constant Currency. Nevertheless youre talking about a Company Whose market revenue is half of that, so many believe youre not fully turning the corner in the sense of real growth what gives them or gives you the confidence that phrase that you used is going to be true . Yeah. Well, for hewlettpackard enterprise, this is the second consecutive quarter of growth in Constant Currency. We have two quarters under our belt. We need to continue to deliver. We have every confidence that we will grow revenues in 2016 in Constant Currency. You saw what we did in Enterprise Services. We have a lot of confidence well be able to grow in Constant Currency. People are saying you have two quarters under your belt, lets deliver a couple more. Thats what we intend to do. Meg whitman, appreciate you joining us. Meg whitman, ceo of hewlettpackard enterprises, chair of hp inc. Happy thanksgiving to her as well. With the currency forecast, nice. You liked that. In so far in 2015, investors in Retail Stocks have had big reasons to be thankful. The sector outperforming the s p. When we come back, well look at what to expect from some names you know. Eight big macro reports throughout the course of the day. And volumes on the day before thanksgiving are usually good. More squawk on the street from post nine in a minute. To stir up the holidays, before earning 1 cash back everywhere, every time and 2 back at the grocery store, even before they got 3 back on gas, all with no hoops to jump through, daniel, vandi, and sarah decided to use their Bank Americard cash rewards credit card to sweeten the Holiday Season. Thats the spirit of rewarding connections. Apply online or at a bank of america near you. Apply online or at it means another neighbor is going to sleep better tonight because they went to sleep trains ticket to tempurpedic event. Through thanksgiving weekend, save up to 300 on the cooling comfort of tempurbreeze. Plus, get up to 4 years interest free financing. Sleep risk free with sleep trains money back guarantee, and of course, same day delivery. Are you next . Sleep trains ticket to tempurpedic event ends sunday. Your ticket to a better nights sleep opening bell in just over ten minutes. Lets get to art cashin, director of floor operations with ubs who joins us here at post nine, who joins us with his thanksgiving tie. Its a doozy. Can you get it . Always has the best ties. Very nice. What are whats the seasonality like around thanksgiving . The week has an upward bias, close to 70 . Not enormous, usually in advance of 1 , 1. 5 for the week overall. There was some concern since we had such a marvelous week last week, that we may have eaten our turkey a little early. Were balanced out. Geopolitical tensions, a lot less than they were at this time yesterday. I think a key factor could be the surviving pilot what is his testimony . What are his claims . But i think putin realizes theres no benefit in going head to head here. The common enemy is isis. Thats where they want to go. Thats what the market senses. Thats what they sensed yesterday afternoon. Im looking at oil prices here, art, crude oil back to its weakening ways. Down about 1. 5 . Brent down as well. Yesterday a standout in the session. Was that significant . Both for stocks and potentially some sort of turning point for oil . Well, on friday oil looked like death warmed over. It looked that way monday also in the morning. Then it reversed. And to have yesterdays rally, many of the oil traders were hoping it was a definitive reversal, and that we could begin to make progress. Well watch it closely today. If they give back all of yesterdays gains that will be a worrisome thing. It is a little perverse that so many have been calling for some relief in crude, but this is the way its not the way you want to get it. No. You want to see some definitive production changes. They havent come up yet. We had that false alarm on monday. In which supposedly saudi arabia said they might want to stabilize things. Theres been no followthrough on that. Reuters this morning says the debate is seemingly settled on fed funds. You agree . No. I make it 55 to 60 chance. The numbers are not that good. They werent shockingly bad today but theyre not really that good. I think the payroll number coming up before the fed decision will be weaker than people believe. How do volumes look . We have a holiday shortened trading week. You said a positive bias. Market has not lost ground on thanksgiving week since back in 2011. Unfortunately if we put up the charts, youll see that today, the current market is a good deal like the market of 2011. So, well help not. Art, happy thanksgiving. You, too. Art cashin this morning. Still to come, a look at the biggest movers of the morning including deere. We have a lot of Economic Data to digest coming up. More squawk on the street straight from the New York Stock Exchange straight ahead. Before the thanksgiving day holiday. Santa is in the house. Only question is whether his rally is close behind. Well talk about that when the opening bell rings. Announcer if youd give thanks for a better nights sleep. [barks] sleep train has just the ticket. [train horn blares] through thanksgiving weekend at sleep train get three free gifts with selected mattress sets save up to 300 on beautyrest, posturepedic, serta, even tempurpedic plus, get up to four years interestfree financing but sleep trains